ETH appears to be forming the right shoulder of a potential Head & Shoulders structure — a classic bearish reversal pattern.

Key observations:

‱ Price is holding below the 1D MA200, which can act as a rejection zone.

‱ A breakdown below the rising Higher-Lows trendline (neckline/support) would likely confirm bearish continuation.

Downside levels (if confirmed):

H&S projections often point toward a measured move/Fib extension zone, which aligns near $1,385–$1,400(April 09, 2025 low area).

⚠ Invalidation: A strong reclaim and hold above MA200 / right-shoulder resistance weakens the setup.

If you found this useful: Like 👍 Follow ✅ Share 🙌 Comment ✍

#ETH #ETHUSDT #signal #TradingTales #satoshichai